SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 4,1999
FRANKLIN FINANCIAL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania 0-12126 23-144083
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Ident. No.)
20 South Main Street, Chambersburg,PA 17201
(Address of principal executive office) (Zip Code)
Registrant?s telephone number, including area code (717) 264-6116
N/A
(Former name or former address, if changes since last report)
Item 5. Other Events.
The press release of Franklin Financial Services Corporation dated
March 4,1999 and attached hereto as Exhibit 99, relates to the authorization
of a special cash dividend of $.40 per share which is payable on
April 15, 1999 to shareholders of record as of the close of business on
March 22, 1999.
Item 7. Financial Statements and Exhibits.
Exhibits
The following exhibits are filed herewith:
Number Description Page Number
99 Press Release, dated March 4,1999 3
of Franklin Financial Services
Corporation
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FRANKLIN FINANCIAL SERVICES CORPORATION
By: /s/ William E. Snell, Jr.
William E. Snell, Jr., President
and Chief Executive Officer
Dated: March 8, 1999
News Release - March 4, 1999
FRANKLIN FINANCIAL SERVICES CORPORATION
Kenneth C. Ditzler (717) 261-3665
Franklin Financial declares Special Cash Dividend
(Chambersburg, PA) --- Franklin Financial Services Corporation, the bank
holding company of F&M Trust Company, today announced that its Board of
Directors has declared a special cash dividend of $.40 per share.
The total payout, based upon 2,793,625 shares outstanding as of
March 4, 1999, will be $1,117,600. The special cash dividend of $.40 per
share is payable on April 15, 1999 to shareholders of record as of the close
of business on March 22, 1999.
The payment of the special cash dividend is made possible by our strong
capital position and reflects our continuing commitment to enhancing
long-term shareholder value, commented William E. Snell, Jr., President
and Chief Executive Officer. We are delighted with the special dividend
and we believe that it will be well received by our shareholders. It is
a reflection of our strong financial position and the successful
implementation of our long-term strategy of profitable growth.
Franklin Financial Services Corporation is a Chambersburg, Pennsylvania
based bank holding company with assets of approximately $425 million at
year end 1998. Its wholly-owned subsidiary, F&M Trust Company, is an
independent community bank which operates 12 community offices in Franklin
and Cumberland Counties, Pennsylvania.
